REGULATIONS G AND U. Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying "margin stock", as such term is used in Regulations G or U promulgated by the Board of Governors of the Federal Reserve System as amended from time to time. No part of the proceeds of the Loan will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any "margin stock". Borrower does not own any "margin stock".
REGULATIONS G AND U. No part of the proceeds received by the Borrower from the Loans will be used directly or indirectly for the purpose of purchasing or carrying, or for payment in full or in part of Indebtedness which was incurred for the purposes of purchasing or carrying, any margin stock as such term is defined in Regulation G of the Board of Governors of the Federal Reserve System, as the same may be amended or supplemented from time to time, or Regulation U of the Board of Governors of the Federal Reserve System, as the same may be amended or supplemented from time to time.
REGULATIONS G AND U. No part of the proceeds of any Advance hereunder will be used to purchase or carry, or to extend credit to others for the purpose of purchasing or carrying, any "margin stock" (as such term is defined in Regulations G and U) in violation of Regulation G or U. Neither Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any such "margin stock."
REGULATIONS G AND U. Not, and not permit any Subsidiary to, ------------------- use or permit any proceeds of the Loans or LC Obligations to be used, either directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of "purchasing or carrying margin stock" within the meaning of Regulations G and U of the Board of Governors of the Federal Reserve System, as amended from time to time.
REGULATIONS G AND U. On the date of each Credit Event, none of the collateral under the Security Documents shall constitute Margin Stock and, except as permitted by Section 9.17, at no time shall the Borrower and its Subsidiaries own Margin Stock with a fair market value in excess of $100,000."
2. Section 7.01 of the Credit Agreement is hereby amended by inserting the parenthetical "(other than CEOI and Fertilitext)" immediately prior to the phrase "is a duly organized and validly existing corporation" appearing therein.
REGULATIONS G AND U. None of the proceeds of the Loans shall be used to purchase or carry, or to reduce or retire or refinance any credit incurred to purchase or carry, any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. If requested by any Bank, the Obligors will furnish to the Banks statements in conformity with the requirements of Regulations G and U.
REGULATIONS G AND U. No Company is engaged in the business of purchasing or selling Margin Stock or extending credit to others for the purpose of purchasing or carrying Margin Stock, and no part of the proceeds of any borrowing hereunder will be used to purchase or carry any Margin Stock or for any other purpose which would violate any of the margin regulations of the Federal Reserve Board.
